AP Moller - Maersk completed the acquisition of LF Logistics from Temasek and Li & Fung for $3.6bn.

AP Moller - Maersk, an integrated transport and logistics company, completed the acquisition of LF Logistics, a contract logistics company, from Temasek, an investment company, and Li & Fung, a provider of supply chain management, for $3.6bn. "The acquisition of LF Logistics is an important and truly strategic milestone on our journey to become the global integrator of container logistics; a global logistics company that provide digitally enabled end-to-end logistics solutions based on control of critical assets. With the acquisition of LF Logistics, we add critical capabilities in Asia Pacific to support our customers long term growth in Asia Pacific as well as capabilities and technology we can scale in our contract logistics business globally," Soren Skou, Maersk CEO.